2016-10-17 GC Agenda - Item 8 - Attachment 2 (Amended) - Statement of Financial Position

Schedule 5: Rent, Original Purchase Price and Residual
Purchase Price
Original Purchase Price: $620,000 ex GST per bus

Rent payable: $10,933.34 ex GST per Bus per month. Rent is payable in accordance with
the delivery dates and requirements outlined below.

Payment number               Payment date                     Payment amount for 2
                                                              buses
            1.               On delivery and compliance       $21,866.67 exclusive of
                             with clause 8(c)                 GST.
            2.               30 days from payment 1           $21,866.67 exclusive of
                                                              GST.
            3.               30 days from payment 2           $21,866.67 exclusive of
                                                              GST.
             4               30 days from payment 3           $21,866.67 exclusive of
                                                              GST.
            5.               30 days from payment 4           $21,866.67 exclusive of
                                                              GST.
            6.               30 days from payment 5.          $21,866.67 exclusive of
                                                              GST.
           Total                                              $131,200 exclusive of GST.

The total amount payable over the period of this lease by the Lessee to the Lessor is
$65,600 per bus exclusive of GST.

The Lessor must provide the Lessee with an invoice for payment each month containing the
following information:
(a) Be A4 size and mailed to PO Box 141, Tewantin Q 4565; and
(b) identify the Services the subject of the invoice; and
(c) specify the title of the Lease; and
(d) Include Council’s: name and address; and purchase order number;
(e) specify the contract number allocated to the Lease by the Council (or any other number
as the Council may specify in writing to the Lessor for the purposes of the Lease)(if any);
and
  (f) specify the Australian Business Number of the Lessor; and
(g) specify the name of the Lessor and display the address for payment of the Lessor; and
(h) specify the date of supply of the Services identified in the invoice; and
(i) specify the Lessor’s own unique invoice number and invoice issue date; and
(j) specify the Rent payable by the Council and particulars of any GST payable in respect of
the Rent; and
(k) include the words “tax invoice” (if applicable), and
(l) otherwise comply with the requirements of a tax invoice for the purposes of the GST Act.

Upon receipt of an invoice, the Council may require the Lessor to provide additional
information to assist the Council to determine whether or not an amount is payable.

Residual Purchase Price: $554,400 ex GST per bus minus the total Rent payments above




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